HomeLight

OCTOBER 29, 2020

Contingencies can range from the relatively minor or otherwise workable — like requesting a $3,000 allowance to fix a plumbing issue that was revealed during inspection — to more serious stipulations, such as a buyer needing to sell their existing house before closing on the next. Negotiable contingencies. Home inspections.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 81

HomeLight

MARCH 2, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. CalHFA works through approved lenders, and buyers apply for the program through their loan officer. Loans are between 3%-3.5% Do they need to do a rent-back on the house, or do they want a quick close?

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Closing Earnest money deposit Sales Inspection 118

HomeLight

MARCH 6, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. CalHFA works through approved lenders, and buyers apply for the program through their loan officer. During this time, review your credit score and determine if it’s considered excellent, good, fair, or poor.

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Windemere Selling

MARCH 14, 2022

When selling your home, a buyer may make their offer with contingencies attached. Here are some common contingencies you might see in a buyer’s offer and what they mean for you. If the seller chooses not to make the repairs outlined in the buyer’s home inspection report, the buyer can cancel the contract.

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Home sale contingency Inspection contingency Purchase and sale agreement Pre-approval 52

Redfin

AUGUST 29, 2024

Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). Get pre-approved As you’re researching how to buy a house, you will want to get a mortgage pre-approval. What is a home inspection contingency?

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Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 63

Windemere Buying

JUNE 22, 2022

Getting the home inspected allows you to ask the seller that certain repairs be made, request seller concessions, and renegotiate your offer. If you included an inspection contingency in your contract, you could walk away from the deal with your earnest money if you decide the property’s issues are too much to handle.

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Windemere Buying

AUGUST 31, 2022

Common Real Estate Contingencies. Home Inspection Contingency. If they discover issues with the property, this contingency allows you and your agent to present the seller with a new offer that accounts for the home’s lessened condition, or to cancel the contract entirely.

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Home sale contingency Inspection contingency Title Pre-approval 52

Real Trends

DECEMBER 27, 2022

Before a mortgage is approved, lenders will have a property appraisal. On the buyer’s side, if a property’s appraised value is lower than the contract’s value, the mortgage may be declined; the mortgage may be approved if the buyer contributes cash up-front (to make up for the difference in value). Home sale contingency.

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Sales Home sale contingency Pre-approval Inspection 62

Realty Biz

AUGUST 2, 2023

This can save you and the buyers time, allowing them to pre-screen the property before scheduling an in-person showing. Understanding the Escrow and Title Transfer Process During the closing process, your real estate agent, along with the assistance of a title company or attorney, will guide you through the escrow and title transfer process.

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HomeLight

MARCH 13, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.

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HomeLight

MARCH 16, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few contingencies, or no contingencies at all. Home-buying companies generally pick up the remainder of closing costs that total about 8% including title search and title insurance.

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Realtor.com

DECEMBER 7, 2019

But keep in mind: Even with a pre-approval letter , things can still go awry in the final lending stages (including the appraisal—see the next item). If you’re still convinced waiving this contingency is the only way to win the seller’s heart, try finding some neutral ground, Wethman says. Abort mission. Just say no.

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